XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Insurance premiums $ 39,122 $ 38,104 $ 77,580 $ 75,490
Investment income 2,563 2,494 5,070 5,091
Realized investment gains, net 132 4,148 884 5,099
Other income 37 26 67 41
Total revenue 41,854 44,772 83,601 85,721
Benefits and expenses:        
Insurance benefits and losses incurred 26,922 26,383 51,747 51,624
Commissions and underwriting expenses 10,954 10,487 22,781 21,208
Interest expense 385 354 758 703
Other expense 3,236 3,359 6,582 6,987
Total benefits and expenses 41,497 40,583 81,868 80,522
Income before income taxes 357 4,189 1,733 5,199
Income tax expense 116 844 594 1,163
Net income 241 3,345 1,139 4,036
Preferred stock dividends (100) (100) (199) (199)
Net income applicable to common shareholders $ 141 $ 3,245 $ 940 $ 3,837
Earnings per common share (basic) (in dollars per share) $ 0.01 $ 0.16 $ 0.05 $ 0.19
Earnings per common share (diluted) (in dollars per share) $ 0.01 $ 0.15 $ 0.05 $ 0.18